F&C Asset Management Plc (LSE: FCAM) is a leading asset management company. Unlike many asset managers which are divisions of large financial firms such as banks, F&C Asset Management (known as F&C) is a standalone publicly-listed asset manager. It is an active shareholder with a strong commitment to corporate social responsibility. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.
The Company was founded in 1972 as the manager of the Foreign & Colonial Investment Trust under the name F&C Management Limited.
In 1985 the Company started managing third party funds. In 1989 the Company established a partnership with Germany’s HypoVereinsbank who acquired a 50% stake in the business; this stake was increased in 90% in 1998. In 2000 Eureko purchased HypoVereinsbank’s 90% stake and in 2001 went on to secure 100% control and consolidate their asset management activities with those of the Company under the F&C brand.
In 2004 ISIS Asset Management merged with F&C Management Limited to form F&C Asset Management and the combined business was then listed on the London Stock Exchange.
In 2008 Friends Provident announced its intention to divest its shareholding in F&C Asset Management. This was completed in 2009.